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Real estate investment volumes returned in a big way in 2025. Why were the taps turned on again at the end of 2024? Who’s buying and what assets are they buying? Where are we with REITs? How are the global economy and geopolitics shaping the Polish investment market? And, perhaps most importantly, will the growth continue into 2026?

The warehouse market is still Poland’s biggest success story, but development has slowed down. As a result, vacancy has fallen and rents have stabilised, giving tenants the upper hand in negotiations. How should owners respond in what is increasingly a tenant’s market? What part will technology and ESG principles play in all this? How should warehouses be planned and built to keep attracting companies to them? And as the data centre scene expands, will more warehouse developers be tempted to move into this segment?

Office construction is still sluggish – so how is this impacting rents? Is the hybrid work model still the main factor behind this, as it was post-pandemic? Are employees finally coming back to the office? What can be done to best ensure that they do? Has the market polarised into the most sought-after, high quality product and locations while those that are less popular are becoming redundant? And are flex operators still the main beneficiaries of all this?

Retail is the sector that has perhaps undergone the biggest transformation in recent years, with the growth of e-commerce resulting in a profound change in shopping habits. Few malls are being built, but the retail park segment is still going from strength to strength. How long will this continue? What is being done in the big shopping centres in response to these changing consumer habits? How attractive are malls and retail parks as an investment product?

Poland still has a serious housing deficit, so is the pace of development dynamic enough to meet the demand? By how much has the PRS scene grown in recent years and how is it set to grow in the future? Are high interest rates and the never-ending wait for REITs still holding the sector down? Senior living and student accommodation projects are also much needed – what are the growth prospects in these segments? And how should they be built?

The impact of AI (generative or otherwise) on the economy and our lives has been a major topic of discussion of late – but has real estate and construction embraced it to the same extent as other sectors? How could it best be utilised to the benefit of developers as well as the landlords and users of buildings? What pitfalls should we look out for? Could AI make certain professions in our industry obsolete? And what other technological marvels are being developed that are likely to transform our sector into the future?